Asia's Growth Forecasts Recede
Despite Currencies' Positive Signs

HONG KONG -- Governments and economists continue to shave Asian growth forecasts even as the region's currencies and stock markets hint at recovery.

The latest revision came Wednesday from Singapore, where the government chopped its forecast for economic growth this year to between 2.5% and 4.5%, from between 5% and 7% previously. A day earlier, the Thai government and the International Monetary Fund offered similarly bad news, saying...